LOM 2.99% 6.9¢ lucapa diamond company limited

Ann: Lab Results Confirm Kimberlite Target Areas, page-70

  1. 2,804 Posts.
    lightbulb Created with Sketch. 472
    Lucapa Diamond - Laboratory tests confirm new Kimberlitziele on the Lulo project

    http://www.goldinvest.de/index.php/...eue-kimberlitziele-auf-dem-lulo-projekt-33435

    Before Lucapa Diamond (WKN A0M6U8 / ASX LOM)the kimberlite L259 identified as a possible source of exceptional diamonds that have been found in the mining area block 8 of the Lulo project in large numbers, had the Australian company already other kimberlites for analysis in a sample Laboratory sent to South Africa. And this is now confirmed additional target areas on Lulo, the Lucapa has taken then in the beginning of 2016. anyway for planned and mainly focused on L259 kimberlite drilling program.

    The analyzed material came from core samples of Kimberlite L251, L222, L220, L83 / 84, L19, L18 and L12, as well as samples from the kimberlites L171, L169, L167 and L165. As I said, these samples were sent before Lucapo the kimberlites L259, L13 and L15 zuordnete the highest priority and even before the kimberlite L46 was identified as Diamond term. The kimberlite L259, L13 and L15 explored Lucapa currently with electromagnetic and Gravitätsuntersuchungen on which then the drilling program will build.

    Given the encouraging results of analysis, explained Lucapas CEO Stephen Wetherall, the indicator minerals, so-called G10D garnets, aufzeigten and on the basis of which further investigations were recommended, one wants to following the Kimberlite L46, L18, L19 and other kimberlites near the alluvial diamond terraces E46 by checked holes. Given the Funds of G10D garnets were also in kimberlite cluster L165 - L170 justified further testing and drilling, as Mr Wetherall.

    L165 is namely near the diamond-bearing kimberlite L170 in the analysis also G10D garnet discovered. L18 kimberlite is located near the diamond-bearing kimberlite L46 and L19.

    Although Lucapa is clearly focused with its planned for early next year drilling on the Kimberlite L259, L13 and L15, which are in close proximity to the alluvial mining area Block 8, in which the company has discovered numerous, exceptionally valuable diamond, it is good to know that the potential is equal to the discovery of several other diamond containing kimberlites.

    Ever we see in Lucapa Diamond one of the most promising resource companies that we have seen this year. The successful alluvial mining on the Lulo license gives the company a more than solid basis for its promising exploration work. Should Lucapa actually the primary source of the block 8-find diamonds in the coming weeks and months, the current price level will only be history and success stories on the way, should already help the course on the jumps.

    Given the now reported analysis results shows that beyond the potential exists for more diamond-bearing kimberlites. The company has thus not only an iron in the fire. Despite all given still risks, Lucapa has in our view, therefore, even over enormous potential.
 
watchlist Created with Sketch. Add LOM (ASX) to my watchlist
(20min delay)
Last
6.9¢
Change
0.002(2.99%)
Mkt cap ! $20.01M
Open High Low Value Volume
6.4¢ 6.9¢ 6.4¢ $3.729K 55.36K

Buyers (Bids)

No. Vol. Price($)
1 100000 6.5¢
 

Sellers (Offers)

Price($) Vol. No.
6.9¢ 27880 1
View Market Depth
Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
LOM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.